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The Act provides a structure under which commercial banking in India is supervised and regulated. The Act supplements the Companies Act, 1956. Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act. Several powers are provided by the Act to the Reserve Bank of India: to license banks, have regulation over shareholding and voting rights of shareholders; to supervise the appointment of the boards and management; to regulate the operations of banks; to lay down instructions for audits; control moratorium, mergers and liquidation; to issue directives in the interests of public good and on banking policy, and impose penalties
Which company has PhonePe partnered with to enable contactless payments for Indian travellers in Sri Lanka?
What is the objective of the National Genome Strategy presented in the UAE?
Unying Festival is related to which of the following states of the country?
RBI recently directed Paytm Payments Bank Ltd to stop the onboarding of new customers with immediate effect. The RBI took the decision in exercise of it...
The G20 Pandemic Fund has recently approved a proposal worth 25 million dollars from the Department of Animal Husbandry and Dairying. This approval aims...
What is the theme of the 13th National Seed Congress held in Uttar Pradesh?
Under Mission Amrit Sarovar, what is Indian Railways’ role in water conservation?
Continuing with the conduct of Maritime Partnership Exercises (MPX) with Friendly Foreign Countries, which Indian naval ship exercised with Japanese Mar...
In cricket, who is the men’s ICC Player of the Month for November?
What is the primary goal of the "Ayurveda Gyan Naipunya Initiative" (AGNI) launched by the Central Council for Research in Ayurveda Sciences (CCRAS)?